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Dowtheory

what is the difference between trend lines ?? as u can see here in ethusdt there are four trend lines ( three of it are main ) first of all what is trend line categories :- 1- major trend."primary trend" 2- secondary trend ." intermediate trend" 3- minor trend ." near term trend " _ ( major trend ) dow theory classifies the major trend as being in affect for longer than ayear and it differs from market to another as example in the commodity markets major trend is anything over six monthes . _( secondary trend) dow defined this trend as three weeks to as many monthes and its the same for the futures market. _(minor trend) this defined as anything less than two or three weeks. *i hope its short and informative.
Education
by alieltahan33
AMD: You should pay attention to these KEY POINTS!Hello traders and investors! My last analysis on AMD was on April 27, but my previous reading was very accurate, as it respected our key points very well (link to my previous analysis below this post, as usual). Now, we must update a few things. First, in the 1h chart, AMD reversed the trend, as we expected, and even when the volatility increased, it couldn’t lose the blue line at $ 84.24, which was our most important support level (the daily chart will show it better). Now it seems AMD is doing a pullback to the previous support level around $ 104, which worked as a resistance two times recently, and now it is working as a support. This is the Principle of Polarity in Technical Analysis. Only if it loses this support we would see AMD dropping more. The next support is the black line at $ 99, which is an interesting point that we’ll talk about later. For now, all we can assume is that since it is a bull trend, AMD will seek higher levels, even considering it’ll do pullbacks along the way. Remember: Trends persist until a clear reversal occurs (Dow Theory). Remember the $ 84.24, the most important support? Here we see that AMD did a Double Bottom chart pattern just above this price level. In addition to this, if you zoom out, you’ll realize that this support dates back to July 2021. In order to trigger a long-term bear market on AMD, we must lose this line, and this won’t be easy. For now, AMD is clearly bullish, doing higher highs/lows, heading to the target I mentioned in ym last analysis, when we were below $ 90: The Gap at $ 118. Meanwhile, pullbacks are acceptable, and would be just opportunities to buy. The 21 ema is a good support level to work with in the daily chart, and coincidence or not, it is at $ 99 right now (remember the black line I mentioned in the 1h chart?). Let’s keep our eyes open, as AMD is near its key points right now. Maybe it’ll give another buy soon, if it reacts near any of its support levels. What could ruin the bullish bias? If it does a clear reversal sign, and if it loses its 21 ema in the daily chart. I’ll keep you guys updated, so, remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
Transports Break SupportTransportation stocks have been unusually strong this year, but that might have changed yesterday. The main feature on this chart of the Dow Jones Transportation Average is the September low at 13,947. Prices managed to remain above this level throughout the market’s correction as other indexes like the S&P 500 and Nadaq-100 knifed below the same respective points on their charts. DJT lost that distinction yesterday as it suffered its biggest drop in almost two years. Second, the index broke out above its 50- and 200-day simple moving averages (SMAs) in mid-March as the broader market rebounded. But then it reversed and made lower highs at both SMAs in April and May. Third, that price action dragged the 50-day SMA below the 200-day, resulting in a potentially bearish “death cross.” Given the importance of “Dow Theory,” which uses Transports to judge moves in the broader market, yesterday’s price action could have bigger implications for sentiment. Traders may now view it as confirmation of a bearish trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
DJ:DJT
by TradeStation
ETHUSDT GANN RESISTANCE HI,,,,, Today I will show you my analyze about the next resistance that eth will have,,,, eth now is having a good resistance at 3039.76 but till now eth did not break it so we hope eth could break it with volume and daily close above it after this resistance we will have a cluster Gann angle + fib extension at 3113.1 to 3187 NOTE: after 1 good day close above 3193.84 we will be in a bullish Secondary trend by DOW theory (Positive) after this price levels if we have a good bullish candles with volume we might go to 3491 to 3496 and we have a small correction and break it up and start a very good bull year market *** in my opinion bull market is coming soon because a lot of coins are starting to break a very important Gann resistances even BTC has started to break his Gann resistance but I hope that these coins can do daily close above these resistance because few of them closed above there resistance BTC till now is not of them *** if you have any opinion pleases share it in the comments below if you like my analyze please give me a like and follow for more of Gann analysis Have a nice day :)))
Long
by hazem44
LCID: This pattern might REVERSE the trend for good!Hello traders and investors! Let’s see how LCID is doing today! In the 1h chart, we see a clear bear trend, and LCID is trading below its 21 ema. However, there’s hope for it. The most important key point is the red line at $ 29.05. This point is the trigger of a Double Bottom chart pattern (Adam & Eve type). The technical target for this pattern is the next resistance, which is at $ 47.59 (black line). It is interesting to notice that in the 1h chart LCID is already doing higher highs/lows, and if it keeps doing this, eventually, it’ll reverse the trend in the mid-term. It has an open gap to fill (earnings gap), and this might help the bullish thesis on LCID, at least for a while. Another thing that is important to pay attention is the volume, as it must increase as it goes up. Remember: The volume must confirm the trend (Dow Theory). For now, let’s pay attention to the $ 29.05, as this is the most important key point for us now. Remember to follow me to keep in touch with my daily updates.
NASDAQ:LCID
by Nathan_The_Finance_Hydra
5
Does Anyone Remember Charles Dow?Something interesting happened with the Dow Jones Transportation Average recently. Or, more precisely, didn’t happen. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average all breached their October lows amid this year’s pullbacks. But Transports haven’t even come close to those levels. Notice how DJT bottomed last week over 14,000. That was 1 percent above its trough near the end of the third quarter and start of the fourth quarter. Turn back the clock a little further to the late 1800s, when Charles Dow famously noticed that railroads and shipping stocks could confirm moves in the broader market. In the current case, “Dow Theory” may be providing non-confirmation of weakness . And that could be bullish. Second, consider the converging trendlines as DJT eased lower. Is that a falling wedge, another potentially bullish reversal pattern? Finally, you have the bigger picture because Transports are a classically cyclical part of the market that often benefit from a strong economy . With Covid cases falling, the U.S. reopening and the spring/summer approaching, investors may view Transports as a potential beneficiary. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
DJ:DJT
by TradeStation
2
SPX: Buy amid panic? Let's see...Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, however, it seems it just dropped to its next support, and now we see a very good reaction. In the 1h chart, the index filled the previous gap, making it an Exhaustion Gap, and it is triggering a pivot point as well. These are signs of bullish reversal, but the situation is still very dangerous. The index is still under its 21 ema, and it seems it needs more bullish structures to confirm a true short/mid-term reversal. If this happens, the gap at 4,472 would be its next target. When we look at the daily chart, we see a powerful candlestick today, closing above the last two support levels, and this is another bullish sign. The volume is starting to increase again too, and this is important. Remember, the volume must confirm the trend (Dow Theory 5th tenet). Since I always had this contrarian style, when I see movements like this, or when I see people panicking, usually I find the best opportunities around. As Nathan Rothschild once said: "But when there’s blood in the streets". Use the emotional traders and investors in your favor. However, we must do this calmly, with caution, and using a proven methodology. Personally, I see many amazing opportunities right now. I’ll keep you guys updated every day on this, so, remember to follow me to keep in touch with my daily updates.
SP:SPX
by Nathan_The_Finance_Hydra
2